US And China: In The Foothills Of Cold War (Updated)
I explain my thoughts on the US, China, and the role defense companies play in IMA client portfolios. Update (October 2021): This article is even more relevant today than when I... Read More
The Softer Side of Value Investing
Culture matters. I share how I evolved from an analyst purely focused on numbers to an investor and CEO focused on people. Using two stories from IMA’s own past,... Read More
Sideways Market
I go over why we may be entering a sideways market (I wrote two books on this subject), as well as how to invest in them. Q2 2021 hedge fund... Read More
Inflation Is Here. But For How Long?
You can also listen to a professional narration of this article on Apple, Google & online. Q2 2021 hedge fund letters, conferences and more geralt / Pixabay For the last three weeks... Read More
Curmudgeon on Cryptocurrency
This is part 3 of the summer letter I wrote to IMA clients; it was also published in Barron’s. You can also listen to a professional narration of this article on... Read More
The Renaissance Of Pipelines
This is the final excerpt from IMA’s winter letter. Q4 2020 hedge fund letters, conferences and more Pipelines are undergoing a renaissance today, but it’s not the one you think. The... Read More
Letter from the Value Investing Mental Asylum or How I Embraced Stoics
The following is an excerpt from our recent client letter. Q2 2020 hedge fund letters, conferences and more A year ago, I called the stock market mood “partying like it’s 1999.”... Read More
Uber: Delivering Food and My 4 Seconds of Fame on PBS (not PBS Kids, unfortunately)
I was on PBS NewsHour talking about Uber Eats and the food delivery business (you can watch it here). When I told my six-year-old daughter Mia Sarah about it,... Read More
Why We Don’t Own Tesla stock (and no, we’re not bears)
I wrote the following article as part one of a two-part conclusion to my 37-page Tesla and EV industry analysis. (You can get complete analysis as an email series,... Read More
2020: Party Like It’s 1999?
Excerpted from the IMA fourth quarter 2019 letter to clients. Q4 2019 hedge fund letters, conferences and more Pexels / Pixabay The stock market marched higher for the year even though US... Read More
Is Tesla Theranos?
This article is Part 10 of an 11-part series analysis of Tesla, Elon Musk and EV Revolution. You can read other parts here. Q3 2019 hedge fund letters, conferences and... Read More
Nokia or Samsung? Why a First-Principles Approach Will Be Key for Developing EVs
This article is Part 7 of an 11-part series analysis of Tesla, Elon Musk and EV Revolution. You can read other parts here. Q3 2019 hedge fund letters, conferences and... Read More
Are Electric Cars Good for the Environment?
This article is Part 5 of an 11-part series analysis of Tesla, Elon Musk and EV Revolution. You can read other parts here. Q3 2019 hedge fund letters, conferences and... Read More
Why We Sold Softbank
“Ideas become part of who we are. People get invested in their ideas, especially if they get invested publicly and identify with their ideas. So there are many forces... Read More
Tesla’s Risky Gamble & The Future of Lithium-Ion Batteries
This article is Part 4 of an 11-part series analysis of Tesla, Elon Musk and EV Revolution. You can read other parts here. Q3 2019 hedge fund letters, conferences and... Read More
Part 2: Why The Gasoline Car To The EV Is Like The Horse To The Car
This article is Part 2 of an 11-part series analysis of Tesla, Elon Musk and EV Revolution. Read Part 1 here. Q3 2019 hedge fund letters, conferences and more castleguard /... Read More
Tesla, Elon Musk and the EV Revolution
“The test of a first-rate intelligence is the ability to hold two opposed ideas in mind at the same time and still retain the ability to function.” - F.... Read More
These Simple Tips Can Make You A Better Investor
The stock market is not your friend. Instead, the market awakens a dangerous emotion — fear. Often we are too fearful to invest in stocks, or, having taken the... Read More
The Subtle Nuances Of Softbank
It seems that Softbank stock has been hated and misunderstood every day we’ve owned it – until recently, when Eric Savitz at Barron’s wrote a front-page story that could not... Read More
Was The Uber IPO A Success?
It depends on who you ask. If you listen to the media, it was a failure. A successful initial public offering has to feel like July 4th fireworks. The... Read More
Should You Invest In Marijuana Stocks?
Vitaliy Katsenelson on investing in marijuana stocks. Q2 hedge fund letters, conference, scoops etc 7raysmarketing / Pixabay Listen on: iTunes | Google Podcasts | Online Question: What do you think about investing in marijuana stocks? We have a great... Read More
Here’s Why Drug-Distribution And Pharmacy Stocks Are Bargains Now
My investment management firm’s portfolio has a large position in the health-care sector, and with AbbVie’s $63 billion takeover bid for Allergan earlier this week, it’s timely to review... Read More
